HanesBrands, Penn State Extend Apparel Partnership


27% profit every 20 days?

This is what Nic Chahine averages with his option buys. Not selling covered calls or spreads… BUYING options. Most traders don’t even have a winning percentage of 27% buying options. He has an 83% win rate. Here’s how he does it.


  • HanesBrands Inc (NYSE:HBI) and Penn State signed a multi-year extension of their current apparel partnership, giving HBI exclusive rights in the mass retail channel. The financial terms were not disclosed.
  • The global apparel company, which owns the Champion and Hanes brands, has a decades-long partnership with Penn State.
  • Penn State joins the University of Michigan, Clemson, Auburn, N.C. State and more than two dozen other schools that have exclusive mass retail partnerships with HBI.
  • In addition to the mass retail channel, the partnership includes collaborative retail activations marking key rivalries and events.
  • "In addition to our partnership in the mass retail channel, iconic Champion apparel will be available to Nittany Lion fans on campus and around the world," said John Fryer, HanesBrands President of Licensed Sports Apparel.
  • Price Action: HBI shares are trading higher by 0.37% at $4.06 on the last check Monday.

27% profit every 20 days?

This is what Nic Chahine averages with his option buys. Not selling covered calls or spreads… BUYING options. Most traders don’t even have a winning percentage of 27% buying options. He has an 83% win rate. Here’s how he does it.


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